Amazon
Amazon bullish for swingAmazon chart looks bullish, just want one more dip to minimize the risk and the stop. The trend line is up and the 20 day looking for the reversal. RSI looking nicely at 50. Gap fill happens at $3435 so get as close as possible.
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Enphase power and Amazon comparison from 1999
The similarities are very striking from Amazon's IPO into the 1999 Dot Com speculative bubble and the bust afterwards. History could be repeating itself. This is the EV/Solar bubble. The tech revolution is already played out. Now the S curve will be solar panels on everyone's homes and commercial buildings. The big buying opportunity could be coming.
Daily Market Update - Stocks - FAANG - Twitter Look Out Below!In this video:
* Overall, I remain neutral to slightly Bullish Crypto, however...
* There are definitely more and more caution flags appearing!
* Today we look at the influence that the Stock Market might be playing on crypto
* We start with the FAANG stocks: Facebook, Apple, Amazon, Netflix, and Google
* We look at Twitter
* We look at the S&P, Nasdaq, and Dow Jones Industrial Average
* And we finish by looking at our market leaders in the crypto space
* Be careful out there traders! The market is on edge.
$AMZN Possible 36% Gain?Will $AMZN repeat its last pump?
Lets take a look....
What we know from the last pump...
Clear Bullish RSI Divergence
Clear longer term upwards squeezing
19 Month Consolidation
How are we currently looking?
Right now we have great upward squeeze happening.
$AMZN has been consolidating for the past 17 months.
Along with this a very common Bullish pattern has formed known as a Double Bottom.
We also have strong Bullish RSI Divergence along with volume thinning out on the MACD.
Having volume thin out like this over an extended period of time means a big move is coming....
A great buy signal would be once prices break ATH's and either wait for a retest of the previous trends resistance creating new support or seeing very high buying volume.
I have marked out my personal TP's using the Fib Retracement tool.
Trade at your own risk as this is not financial advice but educational advice.
Trade safe, Trade smart, Trade patiently
Feel free to let me know what you think in the comments !
Fundamental and technical analysis of ''American nightmare''...Fundamental analysis
1. Valuation: The company is expensive based on almost all valuation metrics such as PE or PS, however the guru focus model estimates that the company is ‘’fairly valued’’, while the 2 stage free cash flow model estimates that the fair value of AMZN share price should be around $5,500.
2. Growth: $AMZN remains a solid growth story. Analytics at wall street forecast both earnings and revenue to grow at a double digit pace in the upcoming years.
3. Profitability: The profitability metrics of the company are good. In addition $AMZN is extremely cash rich and the CAPEX/Sales ratio (12.43%) is well above sector median (2.42%).
4.Financial position: Excellent. Debt and interest payments are well covered.
5. ESG rating: BBB or average. There is definitely some room for improvement in this space.
6. Dividend & Buyback: $AMZN is not paying dividends to its’ shareholders and doesn’t repurchases its’ common stock at the moment.
Technical analysis:
The stock remains in the uptrend and finally the share price broke above 2900-3500 consolidation zone. Bulls will be very supportive at around 3350-3500 price in my opinion.